The new practice guide, Creating an Internal Audit Competency Process for the Public Sector, provides advice on developing, implementing and sustaining an internal audit competency process to ensure ...

Internal Audit identifies all auditable activities and relevant risk factors, and assesses their significance through an annual risk assessment, utilizing the Committee of Sponsoring Organization's ...

Academic research in internal audit provides best practices and pertinent information for external and internal auditors. Below, we summarize recent internal audit research from leading academic ...

Why is Auditing so Important? The food industry has seen unprecedented technological advancements, significantly enhancing operational efficiency and reducing costs. More importantly, these ...

The International Federation of Accountants has updated its guide to using International Standards on Auditing in audits of small and midsized entities. Processing Content IFAC released the fourth ...

For Emmett Henry, a quality systems specialist with the U.S. Army Corps of Engineers, Buffalo District, gaining professional ...

Suralink, Inc., a U.S.-based provider of audit workflow solutions, today announced enhancements to its internal audit ...

The concepts of quality assurance and audits are two distinct ideas that serve the same purpose: improving quality, consistency and reliability in operations. Quality assurance is more of an abstract ...

Annual Audit Plan – An annual audit plan is developed by the Director of Internal Audit based on a university-wide assessment of risk and where Internal Audit can make the greatest impact. Input from ...

Financial risks focus on managing the risks of potential loss of physical assets and financial resources. Business risks include contracts, cash and investments, revenue, and inventory. Operational ...